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Financial Aid Timelines

Financial Aid Timelines

Effective from the 2015-2016 academic year, the university has changed the process of changing the way it bills tuition and ancillary fees. Fees will be billed by academic session (term), instead of by academic year. As a result the deadline dates for fee payment and financial aid applications have changed. Please check the information periodically for updates.

Enrolling in 2018-2019

Enrolling in 2019-2020

2018-2019 First Year JD Students

DEADLINE

ITEM

NOTES

TIME TO PROCESS

May 31, 2018

Interest-free loan applications:

Scotia Professional Student Plan®, or

TD Student Line of Credit®

Application decisions will be communicated via email by the bank directly. Students approved for the loan must physically go to a specific branch in downtown Toronto to sign loan and service agreement documents.

Since you will not be able to access these funds from the bank until after classes start on August 20 (which is when the Faculty will advise the relevant bank that you are a registered Faculty of Law student), you can hold off arranging to sign these documents. You can wait until you are in the Toronto area to set an appointment at the specific branch.

Applicants with offer of admission letters dated earlier than May 30, apply by June 1 for final assessment, and to be considered for both bursaries and interest-fee loans. Late applications will be considered for interest-free loans only.

New students admitted on or after June 1 will be sent an email with their revised aid deadlines. Expect the email within a week of notification of the offer of admission. Please contact us immediately if you’ve missed the revised aid deadline email.

3 weeks

June 30, 2018

Government student loans

To avoid processing delays please apply as soon as possible, ideally before the deadline. Most online applications are available early spring (April-June). Proof of application, and eligibility, for government student loans will be required for students wishing to defer payment of their tuition fee minimum payment.

IMPORTANT: Before submitting the government student loan application (online or on paper), you MUST retain a copy of the completed form, showing the form questions and your data entered. The copy is needed for the JD Financial Aid application.

4-6 weeks

August 2, 2018

Tuition Fee: Minimum payment in order to be officially registered

Minimum tuition fee payment must be either paid or deferred by deadline, otherwise your seat at the Faculty of Law may be forfeited.

Even though you will not have access to your Scotiabank or TD funds until you are officially registered, you can still have your tuition fees paid from your Line of Credit (interest-free loans).

To do so, you will have to provide Scotiabank or TD with a copy of your fees invoice (which you can access via ACORN) and ask them to deposit the required amount directly to your University of Toronto student account (the account number will be on the top right hand corner of the invoice). This can be done as soon as you have access to your invoice and fee amount in ACORN.

1 week

August 2, 2018

JD Financial Aid Program supporting documents

Submit supporting documents, except for final summer paystubs. Do not re-submit JD Financial Aid Program application form, submit the new supporting documents.

4-6 weeks

August 20, 2018

Classes Begin

Start of two-week Legal Methods intensive course.

September 6, 2018

Final Summer Paystub

Submit for final assessment of JD Financial Aid program.

10 days

September 21, 2018

JD Financial Aid Program final assessment

Release date of email with final assessment, for those applications which were complete (with all supporting documentation) by September 6.

September 28, 2018

Tuition fees: Fall Session fees due

Accounts with an outstanding balance as of October 13 are subject to a monthly service charge of 1.5% compounded monthly (19.56% per annum) assessed as of the 15th of every month. It normally takes 5 business days for a payment to be processed by the bank and for the amount to be updated to the student account.

5 days

February 28, 2019

Interest-free loan: Payment of interest

Recipients of aid from the UofT Law JD Financial Aid program provide a copy of the January or February 2019 bank statement in order for the Faculty to reimburse the interest on the line of credit loan. The reimbursement will be deposited to the student account in ACORN.

2-3 weeks

April 26, 2019

Student Account paid in full

If the student account in ACORN is not paid by the end of this academic year, students will be subject to academic sanctions.

2018-2019 Upper Year JD Students

DEADLINE

ITEM

NEW STUDENTS

RETURNING STUDENTS

TIME TO PROCESS

Without delay, as soon as possible

JD Financial Aid Program application

Begin by applying for the Scotia Professional Student Plan®or TD Student Line of Credit®and government student loans.

Since you will not be able to access these funds from the bank until after classes start on September 4 (which is when the Faculty will advise the relevant bank that you are a registered Faculty of Law student), you can hold off arranging to sign these documents. You can wait until you are in the Toronto area to set an appointment at the specific branch.

Check with the bank for an update.

2-4 weeks

June 30, 2018

Government student loans

To avoid processing delays please apply as soon as possible, ideally before the deadline. Most online applications are available early spring (April-June). Proof of application, and eligibility, for government student loans will be required for students wishing to defer payment of their tuition fee minimum payment.

IMPORTANT: Before submitting the government student loan application (online or on paper), you MUST retain a copy of the completed form, showing the form questions and your data entered. The copy is needed for the JD Financial Aid application.

4-6 weeks

August 2, 2018

Tuition Fee: Minimum payment in order to be officially registered

Minimum fee payment must be either paid or deferred by deadline, otherwise your seat at the Faculty of Law may be forfeited.

Even though you will not have access to your Scotiabank or TD funds until the start of classes on September 4, you can still have your tuition fees paid from your Line of Credit.

To do so, you will have to provide Scotiabank or TD with a copy of your fees invoice (which you can access via ACORN) and ask them to deposit the required amount directly to your University of Toronto student account (the account number will be on the top right hand corner of the invoice). This can be done as soon as you have access to your invoice and fee amount in ACORN.

see September 5

1 week

August 2, 2018

JD Financial Aid Program application

Submit application and supporting documents, except for final summer paystubs.

4-6 weeks

September 4, 2018

Classes Begin

Start of Fall Session (term) for upper year students.

September 5, 2018

Tuition Fee: Minimum payment in order to be officially registered

see August 2

Minimum fee payment must be either paid or deferred by deadline, otherwise access to eLegal will be suspended, you will not be able to add courses or claim a course on which you are wait listed.

Even though you will not have access to your Scotiabank or TD funds until you are officially registered, you can still have your tuition fees paid from your Line of Credit (interest-free loans).

1 week

September 6, 2018

Final Summer Paystub

Submit for final assessment of JD Financial Aid program.

10 days

September 21, 2018

JD Financial Aid Program final assessment

Release date of email with final assessment, for those applications which were complete (with all supporting documentation) by September 6.

September 28, 2018

Tuition fees: Fall Session fees due

Accounts with an outstanding balance as of October 13 are subject to a monthly service charge of 1.5% compounded monthly (19.56% per annum) assessed as of the 15th of every month. It normally takes 5 business days for a payment to be processed by the bank and for the amount to be updated to the student account.

5 days

February 28, 2019

Interest-free loan: Payment of interest

Recipients of aid from the UofT Law JD Financial Aid program provide a copy of the January or February 2019 bank statement in order for the Faculty to reimburse the interest on the line of credit loan. The reimbursement will be deposited to the student account in ACORN.

2-3 weeks

April 26, 2019

Student Account paid in full

If the student account in ACORN is not paid by the end of this academic year, students will be subject to academic sanctions.